L&T Tech Shares Gets Motilal Oswal's Netural Rating Post Q1 Results; Cuts Target Price — Here's Why

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

L&T Technology Services Ltd.’s strength lies in its engineering heritage from its parent company, as well as a well-diversified portfolio. The addition of Intelliswift enhances its capabilities in platform engineering, further strengthening its positioning in the engineering R&D space.

That said, near-term growth visibility remains modest and margin expansion, while directionally intact, appears back-ended and execution dependent.

We expect USD revenue CAGR of 10% over FY25-27, with Ebit margins of 14.1%/15.4% in FY26/27.

We reiterate our Neutral rating on the stock with a revised target price of Rs 4,300 (based on 27x FY27E EPS).

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.